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To: abb

“March’s revised reading of 954,000 but 30.6% lower than April of 2007”

The only part of the article that matters.

I think we need a financial press version of Newsbusters. The spin that seeps out of the financial MSM is pure sewage.


5 posted on 05/16/2008 5:55:51 AM PDT by skipper18
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To: skipper18
It isn't that simple. It is the trend that matters and while 1 month is not a trend, housing permits are up.

When a market bottoms it doesn't send out a email to the world. It will slow it's descent then bump along doing not much of anything for some period of time and then will inexorably begin to creep upwards. All market downturns end, every single one of them without exception. This more then any other I can recall has been greatly over done due in part to the hysteria of the lamestream media. Are we at a bottom? I can't call the bottom any better then anyone else but I feel confident we are, if not there, within a super short distance of being there.

7 posted on 05/16/2008 6:13:43 AM PDT by lexusppd
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